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Order Probe into Alleged Looting Of N14 Trillion Before May 29, PDP Tells Buhari



…Challenges Itse Sagay To Compile List
The Peoples Democratic Party (PDP) has challenged President Muhammadu Buhari to before May 29, order an investigation into an alleged looting of N14trillion from the country’s coffers.
PDP, while claiming that the looting happened within the last four years, added that President Buhari must show his integrity by opening up his tenure for investigation, the same way his Presidency is demanding of other elected officials in the legislature and state governments across the country.
The party, in a statement by its national publicity secretary Kola Ologbondiyan, charged the chairman of the Presidential Advisory Committee on Anti-corruption, Prof. Itse Sagay, to help the nation by advising President Buhari to present his stewardship for investigation for alleged corruption, instead of being fixated on court rulings on Rivers State.
The PDP said it “demands that the Buhari Presidency should order investigation into the whereabouts of N9 trillion ($25billion) allegedly stolen in his Ministry of Petroleum Resources, through under-hand oil contracts as detailed in the leaked NNPC memo.
“The Buhari Presidency should also explain the circumstances surrounding the alleged corruption in the handling of the N2.6 trillion oil subsidy regime, particularly the alleged N58 hidden tax per liter which Nigerians have continued to bear since the fuel price increased from PDP subsidized cost of N87 to presumably unsubsidized cost of N145 as well as the reported stealing of N1.1 trillion worth of crude oil using 18 unregistered companies, allegedly linked to members of the cabal at the Presidency.”
The PDP further challenged President Buhari “to allow an investigation into the alleged looting of over N40 billion Internally Displaced Persons (IDP) funds; the over N45 billion allegedly looted from the National Health Insurance Scheme (NHIS); the alleged siphoning of $322m repatriated funds; the alleged extortion of N1.2 billion through the Central Bank of Nigeria (CBN)’s Anchor Borrowers’ Programme, as well as the billions stolen under the ‘tradermoni’ project, among others.”
PDP added that if the President has nothing to hide, he should within the next 14 days, allow for an independent inquest into these allegations of corruption.
“It is totally unpardonable that President Buhari, despite his claimed integrity and zero tolerance for corruption, not only superintended over an administration that reeks and wallows in ocean of corruption but also refused to allow any investigation into earth shaking corruption under his watch,” the statement added.


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